USDJPY Daily Analysis – April 18, 2017

by ForexCycle.com | April 18, 2017 2:46 am
USDJPY remains in downtrend from 111.57, the rise from 108.13 is likely consolidation of downtrend. Resistance is at 109.40, as long as this level holds, the downtrend could be expected to continue, and next target would be...

AUDUSD Daily Analysis – April 18, 2017

by ForexCycle.com | April 18, 2017 2:45 am
AUDUSD remains in uptrend from 0.7473, the price action from 0.7595 is likely consolidation of the uptrend. Further rise is still possible after the consolidation and next target would be at 0.7700 area. Support is at 0.7535,...

GBPUSD Daily Analysis – April 18, 2017

by ForexCycle.com | April 18, 2017 2:44 am
GBPUSD’s rise from 1.2365 extended to as high as 1.2596. Support is now at 1.2500, as long as this level holds, the upward movement could be expected to continue, and next target would be at 1.2650. On...

EURUSD Daily Analysis – April 18, 2017

by ForexCycle.com | April 18, 2017 2:43 am
EURUSD continues its sideways movement in a trading range between 1.0569 and 1.0689. The key resistance is at 1.0689, as long as the pair is below this level, the sideways movement could be treated as consolidation of...

USDCAD Daily Analysis – April 17, 2017

by ForexCycle.com | April 17, 2017 2:00 am
USDCAD is now in uptrend from 1.3223, the fall from 1.3338 is likely correction of the uptrend. Another rise could be expected after the correction and next target would be at 1.3400 area. Support levels are at...

USDJPY Daily Analysis – April 17, 2017

by ForexCycle.com | April 17, 2017 2:00 am
USDJPY’s downward movement from 111.57 extended to as low as 108.23. Near term resistance is at 108.90, as long as this level holds, the downtrend could be expected to continue and next target would be at 107.00...

AUDUSD Daily Analysis – April 17, 2017

by ForexCycle.com | April 17, 2017 1:59 am
AUDUSD remains in uptrend from 0.7473. Further rise could be expected after a minor consolidation and next target would be at 0.7700 area. Support is at 0.7500, only break below this level could bring price back to...

GBPUSD Daily Analysis – April 17, 2017

by ForexCycle.com | April 17, 2017 1:58 am
GBPUSD formed a sideways consolidation in a range between 1.2365 and 1.2573. Resistance is at 1.2573, a break above this level will signal resumption of the uptrend from 1.2109, then next target would be at 1.2650 area....

EURUSD Daily Analysis – April 17, 2017

by ForexCycle.com | April 17, 2017 1:57 am
EURUSD moved sideways in a trading range between 1.0569 and 1.0689. As long as 1.0689 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0905, and further decline to...

USDCAD Daily Analysis – April 14, 2017

by ForexCycle.com | April 14, 2017 4:14 am
USDCAD broke above 1.3300 resistance, indicating that the downward movement from 1.3455 had completed at 1.3223 already. Further rise could be expected after correction and next target would be at 1.3400 area. Support levels are at 1.3275...